Market average spot rates from the Far East to U.S. West Coast increased 10 percent by mid-month but steadily declined to US$2,264 per 40-foot equivalent units (or FEUs), said Xeneta, the freight rate benchmarking and market analytics platform.
Average spot rates from Far East to U.S. West Coast are now down 59 percent since the market peak on June 5 and are expected to fall further at the beginning of August, ...
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The International Cargo Handling Coordination Association, or ICHCA, has conducted an analysis of nearly 500 incidents involving shore workers over the last 25 years, with its findings on the ICHCA Severe Risks Dashboard.
Key findings include:
• An almost equal split between on-vessel and onshore risk to port workers.
• Three out of ...
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ITS Logistics, the asset-based North American third-party logistics provider, said its second quarter U.S. Distribution and Fulfillment Index, powered by Cresa, sees a tightening of warehouse space in the second half of the year.
Calling it “market recalibrating,” ITS Logistics said that tariff-driven front-loading continues to influence inventory strategy for shippers ...
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Drewry's World Container Index, or WCI, declined 1 percent to US$2,499 per 40-foot container the week of July 31, and continued to stabilize after a volatile period.
The unpredictability began, Drewry said, after U.S. tariffs were announced in April, which caused rates to surge from May through early June. Subsequently, the ...
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C.H. Robinson reported a better-than-expected second quarter net income of US$152.5 million, exceeding analyst consensus estimates.
Adjusted income from operations increased to US$220 million on US$4.1 billion in revenue. Adjusted gross profit was US$693 million.
“I’m proud of our team for embracing our new operating model and the discipline needed to improve ...
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Global logistics service provider C.H. Robinson reported a surge in demand for its ACE Import Intelligence tool, a proprietary self-serve compliance platform that gives importers greater visibility and control over their customs data.
Originally developed three years ago with foresight into evolving trade conditions, the tool is proving to be an ...
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Descartes Systems Group, a provider of on-demand, software-as-a-service logistics solutions, said Brazil’s Grupo Petrópolis is using its routing and fleet management solution to enhance its nationwide beverage distribution operations using about 2,900 vehicles.
The Descartes solution helped beermaker Grupo Petrópolis achieve a 98 percent on-time delivery rate while reducing overtime hours ...
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Ocean Network Express, or ONE, has advanced its green strategy by implementing a ship recycling policy and joining the Ship Recycling Transparency Initiative, or SRTI, which promotes responsible practices and environmental stewardship.
Both moves align with ONE’s efforts to enhance transparency, promote ethical operations, and uphold high environmental standards throughout the ...
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Though import cargo at major U.S. container ports were poised to rebound in July following a double-digit late spring plunge, a late summer swoon is expected once previously paused tariffs take effect Aug. 1, according to the National Retail Federation.
NRF’s Global Port Tracker, created with consultant Hackett Associates, projects June ...
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International Transportation Service broke ground July 11 on a US$365 million terminal expansion project at the Port of Long Beach, aimed at developing more space to stack cargo containers and maximizing efficiency.
The project will fill an unused slip in the middle of Pier G Terminal, creating 19 acres of land ...
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